← All briefs

Daily brief — August 20, 2026

A quiet tape — no unusual factor moves. As published at the market close. The live view is always on the dashboard.

No factor moving more than 2σ from its trailing-year norm today.

Breadth: 55% of the index above its 50-day average (a month ago: 60%); 73% above the 200-day.

20d leadership: size (held 3d, prev highbeta)

August seasonality (30y): market -0.2% mean / 60% hit; momentum +0.6% mean / 53% hit; value +0.1% mean / 47% hit; size -0.1% mean / 43% hit; quality +0.0% mean / 47% hit.

Baskets, 20d vs S&P: AI Displacement Risk leads (+22.1%), Nuclear Renaissance lags (-11.0%).

Sectors, 5d vs S&P: Healthcare leads (+4.5% (+1.6σ, 94th pctile)), Technology lags (-1.6% (-0.9σ, 17th pctile)).

Analyst tape: 201↑ / 103↓ FY1 EPS (net +21%) in the August 20 read.

FW 3000: Dividend yield +2.2% (+1.2σ) on the week vs the broad benchmark — the 3,000-name universe, beyond large caps.

Computed from S&P 500 constituents, point-in-time quintile portfolios. Provided as-is, with no guarantee of accuracy, timeliness, or freedom from errors. Not investment advice.

The daily brief, by emailUnusual moves, leadership, rotation flags, and the factor table — one email at every US market close, plus a Saturday week-in-review.
Free. Unsubscribe anytime. Your email is never shared.